Alphabet Inc (NASDAQ:GOOG) Holdings Decreased by InterOcean Capital LLC

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InterOcean Capital LLC reduced its holdings in Alphabet Inc (NASDAQ:GOOG) by 0.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 32,965 shares of the information services provider’s stock after selling 139 shares during the period. Alphabet comprises about 3.5% of InterOcean Capital LLC’s holdings, making the stock its 7th largest holding. InterOcean Capital LLC’s holdings in Alphabet were worth $38,332,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in GOOG. Norges Bank purchased a new position in shares of Alphabet during the 4th quarter valued at $2,325,502,000. BlackRock Inc. raised its stake in shares of Alphabet by 1.5% during the 1st quarter. BlackRock Inc. now owns 20,264,225 shares of the information services provider’s stock worth $23,563,444,000 after purchasing an additional 295,467 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. raised its stake in shares of Alphabet by 17.5% during the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,462,119 shares of the information services provider’s stock worth $1,700,167,000 after purchasing an additional 218,275 shares in the last quarter. Swiss National Bank lifted its holdings in shares of Alphabet by 21.7% during the 1st quarter. Swiss National Bank now owns 1,199,996 shares of the information services provider’s stock valued at $1,395,367,000 after buying an additional 214,200 shares during the last quarter. Finally, Baillie Gifford & Co. grew its stake in shares of Alphabet by 9.2% in the 4th quarter. Baillie Gifford & Co. now owns 2,515,209 shares of the information services provider’s stock valued at $3,362,886,000 after buying an additional 211,618 shares in the last quarter. Hedge funds and other institutional investors own 33.61% of the company’s stock.

Shares of NASDAQ GOOG traded down $2.26 during mid-day trading on Friday, hitting $1,400.54. The company had a trading volume of 61,956 shares, compared to its average volume of 1,806,928. Alphabet Inc has a 12 month low of $1,013.54 and a 12 month high of $1,532.11. The firm has a market cap of $960.25 billion, a P/E ratio of 28.31, a PEG ratio of 2.11 and a beta of 1.06. The business’s 50-day simple moving average is $1,279.53 and its 200-day simple moving average is $1,331.21. The company has a debt-to-equity ratio of 0.08, a current ratio of 3.66 and a quick ratio of 3.64.

Alphabet (NASDAQ:GOOG) last posted its quarterly earnings results on Tuesday, April 28th. The information services provider reported $9.87 EPS for the quarter, missing the consensus estimate of $11.27 by ($1.40). Alphabet had a net margin of 20.71% and a return on equity of 17.43%. The firm had revenue of $41.16 billion during the quarter, compared to analyst estimates of $40.29 billion. During the same period last year, the company earned $9.50 EPS. The company’s revenue was up 13.3% on a year-over-year basis. As a group, sell-side analysts predict that Alphabet Inc will post 41.47 EPS for the current year.

Several analysts have commented on GOOG shares. Jefferies Financial Group reissued a “buy” rating on shares of Alphabet in a research report on Tuesday, April 28th. Oppenheimer decreased their price objective on shares of Alphabet from $1,465.00 to $1,445.00 and set an “outperform” rating for the company in a report on Friday, April 17th. DZ Bank reaffirmed a “buy” rating on shares of Alphabet in a research report on Tuesday, February 4th. Wedbush reissued an “outperform” rating and issued a $1,625.00 price objective on shares of Alphabet in a research note on Tuesday, February 4th. Finally, Susquehanna Bancshares upped their target price on Alphabet from $1,550.00 to $1,800.00 in a research report on Wednesday, April 29th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, twenty-seven have assigned a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $1,580.52.

In other Alphabet news, Director John L. Hennessy sold 60 shares of the firm’s stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $1,363.61, for a total transaction of $81,816.60. Following the completion of the transaction, the director now owns 592 shares in the company, valued at $807,257.12. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Amie Thuener O’toole sold 61 shares of Alphabet stock in a transaction that occurred on Thursday, April 2nd. The shares were sold at an average price of $1,098.26, for a total value of $66,993.86. Following the sale, the chief accounting officer now directly owns 388 shares in the company, valued at $426,124.88. The disclosure for this sale can be found here. Insiders sold 325 shares of company stock valued at $409,753 over the last 90 days. 12.99% of the stock is currently owned by corporate insiders.

Alphabet Company Profile

Alphabet Inc provides online advertising services in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. It offers performance and brand advertising services. The company operates through Google and Other Bets segments. The Google segment offers products, such as Ads, Android, Chrome, Google Cloud, Google Maps, Google Play, Hardware, Search, and YouTube, as well as technical infrastructure.

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOG)

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